Dogecoin Forms Monster Falling Wedge Pattern According to Analyst

Crypto analyst Satoshi Flipper (@SatoshiFlipper) shared a chart of DOGE/USDT on Binance, indicating a "monster falling wedge" pattern. The chart demonstrates Dogecoin’s price movements between two converging trendlines, one descending from recent highs and another from short-term lows.

Current trading range: $0.21–$0.22, above the lower boundary of the wedge.
The upper trendline connects descending peaks, leading to the apex around early March.
A falling wedge is seen as a potential bullish reversal, especially with decreasing volume during consolidation.
A possible bullish trajectory could see Dogecoin rise to $0.50 by late April if it breaks the wedge's top boundary.
Notable support zone below current prices: $0.10–$0.15.

Sentiment among analysts is mixed:

Carlos Garcia Tapia (@CAGThe3rd) warns of a potential retracement, predicting a drop to 14 cents.
Suzzy | DeFi (@SuzzyDefi) notes strong buying at the $0.19–$0.20 support, suggesting a move toward $0.25 if buyers continue.

At press time, DOGE traded at $0.20635.